collage of social security card tops (Photo: Shutterstock)

As if seniors didn’t already have enough to worry about as the coronavirus shuts down the economy and threatens their very survival, now comes a new worry. The Trump White House is chasing after another payroll tax cut, in the form of employer contributions to Social Security, that critics say would gut the system.

A Common Dreams report points out that not only does Trump favor yet another cut to the taxes that fund the Social Security program, but he’s also proclaiming a desire to see it cut permanently—a move that would slash the trust fund that pays out earned benefits to seniors every month.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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